Fall 2026 earnings watch
The Verge Verge Staff ● Covered by 8 sources
Tech’s latest earnings are here: Tesla is flat, Meta wants more AI cash, and SpaceX says AI helped lift revenue. The future is still being sold hard, but the numbers are starting to argue back.
Based on reporting by The Verge, Verge Staff — read the original for the full story.
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Earnings season is back, and the same old pitch is everywhere: AI will fix everything, robots are basically here, and compute is the new crown jewel. The results are less tidy. Tesla’s Q3 revenue was flat, which is not the sort of number that makes a flying car pitch feel more grounded.
Tesla is still talking up the future. Optimus is in production, but that doesn’t mean it’s ready, and the company says customers may be able to add their own vehicles to the robotaxi fleet next year. That’s a big promise packed into a lot of uncertainty. Meanwhile, Musk says Tesla and SpaceX are discussing a possible merger, which is either synergy or a very expensive group chat.
Meta is also reaching for more fuel. The company wants to create a new class of shares to support its AI push, and it says it would have made more than $22 billion if it hadn’t had to pay a child safety settlement. That is a brutal way to frame the cost of doing business, and it tells you how expensive these battles have become even for companies printing money.
SpaceX, for its part, says big AI growth helped drive a revenue jump. Musk also says the company will try catching Starship and its booster for the first time. So yes, the rockets are still trying to land, the robots are still trying to learn, and investors are still being asked to pay for the next version of the future before the current one has finished arriving.
My take — AI-written commentary, not fact-checked reporting
The market keeps rewarding companies for promising the next act while the current one is still shaky. That works until revenue stops cooperating, which is usually when the PowerPoint gets a little less inspiring. The real story here is not that everyone is an AI company; it’s that everyone wants to be valued like one before the proof shows up.
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